Ulta Beauty’s (ULTA) Outperform Rating Reiterated at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Ulta Beauty (NASDAQ:ULTA) in a report published on Wednesday morning, Benzinga reports. They currently have a $435.00 target price on the specialty retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. TD Cowen dropped their price objective on Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Telsey Advisory Group lowered their price target on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. BMO Capital Markets reduced their price objective on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $423.71.

Ulta Beauty Trading Down 0.8 %

NASDAQ ULTA opened at $368.92 on Wednesday. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.12 and a beta of 1.32. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a 50 day moving average of $373.91 and a 200-day moving average of $387.32.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty will post 23.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its stake in Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in shares of Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares in the last quarter. Boston Partners lifted its stake in Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ulta Beauty by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after buying an additional 24,822 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Ulta Beauty by 1.2% in the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after purchasing an additional 4,344 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.